Standex completes $64M acquisition of remaining 9.9% stake in Narayan Powertech

Filed July 2, 2026 · Period ending June 26, 2026 · ~1 min read

Key Changes

• high

  Standex acquired the final 9.9% minority stake in India-based transformer manufacturer Narayan Powertech for $64 million cash, achieving 100% ownership. Transaction closed July 2, 2026.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
• medium

  Original plan to acquire the stake via stock swap abandoned after India's Reserve Bank did not approve by October 2025 deadline. Parties negotiated direct cash purchase instead of using fallback put/call options.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
• medium

  Shareholders' Agreement with minority holders automatically terminated upon closing with no early termination penalty. Agreement had granted minority shareholders preemptive rights, director appointment rights, and protective provisions.

  Item 1.02 — Termination of a Material Definitive Agreement verify on EDGAR →